Short, Easy Economics Lesson

Economics for the Citizen
A Ten Part Series on Basic Economics Concepts

http://www.gmu.edu/departments/economics/wew/misc/econcitizen/index.html

Political Quotes from LDS Prophets

Mormons prepared for hard times

http://www.msnbc.msn.com/id/28392743/

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Mormons may be among the country's best prepared to weather the current economic hard times. Since the Great Depression, church leaders have preached a doctrine of self-reliance and selflessness, calling on members to plan for their own future while tending to the needs of others.
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Uncle Jay's Year End Review

2008 was the year man-made global warming was disproved

http://www.telegraph.co.uk/comment/columnists/christopherbooker/3982101/2008-was-the-year-man-made-global-warming-was-disproved.html

Easily one of the most important stories of 2008 has been all the evidence suggesting that this may be looked back on as the year when there was a turning point in the great worldwide panic over man-made global warming. Just when politicians in Europe and America have been adopting the most costly and damaging measures politicians have ever proposed, to combat this supposed menace, the tide has turned in three significant respects.
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Schumer on Fairness Doctrine

Comparing political speech to porn. Hmmmm...

When you look at it that way

http://www.scsuscholars.com/2008/12/when-you-look-at-it-that-way.html

So we have a real schizophrenia today. People are going to the mall for holiday shopping, parking hundreds of yards away and waiting in long lines to check out. But then, these same people go to parties and argue about whether the Obama economic stimulus plan should be $500 billion or $1 trillion. It feels so bad that President Bush is justifying his economic intervention by saying that “I’ve abandoned free market principles to save the free market system.”

What’s important to recognize is that even at the bottom of the current recession, sometime in mid-2009, the living standards of the typical American will still be amazingly high. In fact, even an aggressive contraction in real GDP will leave per-capita real GDP above 2005 levels.

Now, we did not have 8% unemployment back in 2005, but that kind of jobless rate is not unusual for recessions. The unemployment rate peaked at only 6.3% in the recession early this decade but peaked at 7.8%, 10.8%, 7.8%, and 9.0% in each of the previous four recessions, respectively, dating all the way back to the 1973-75 recession.

Brian Wesbury and Robert Stein, First Trust, yesterday. I have found it funny that when I say unemployment might go to 8-9% I hear gasps from reporters. Most of them are in their 20s and 30s, though.